https://www.taxtmi.com/caselaws?id=20764 The High Court upheld the Tribunal's decision in favor of the assessee regarding the conversion of investment into stock-in-trade, allowing the claimed loss under section 43(5) of the Income-tax Act, 1961, and confirming the Tribunal's jurisdiction to entertain the appeal. The court found the conversion supported by evidence and deemed the hedging transactions genuine, ultimately ruling in favor of the assessee against the Revenue on all three issues. en-us Wed, 09 Sep 1992 00:00:00 +0530 Tue, 17 Nov 2009 11:12:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=20764 The High Court upheld the Tribunal's decision in favor of the assessee regarding the conversion of investment into stock-in-trade, allowing the claimed loss under section 43(5) of the Income-tax Act, 1961, and confirming the Tribunal's jurisdiction to entertain the appeal. The court found the conversion supported by evidence and deemed the hedging transactions genuine, ultimately ruling in favor of the assessee against the Revenue on all three issues. Case-Laws Income Tax Wed, 09 Sep 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=20764